AuM increased to CHF 25.4bn: CHF 3.8bn direct asset inflows against negative effects primarily from FX changes and hedge fund outflows

AuM increased to CHF 25.4bn: CHF 3.8bn direct asset inflows against negative effects primarily from FX changes and hedge fund outflows

Press release


Baar-Zug, 8 July 2008

Partners Group, the Switzerland-based global alternative asset manager, announces that the estimated assets under management (AuM) as of 30 June 2008 have increased by CHF 1.0 billion to CHF 25.4 billion. Overall direct asset growth (new assets raised and changes of existing investment programs) amounted to CHF 3.8 billion.

Partners Group's private markets business lines (private equity, private debt, private real estate) have seen sustained demand and demonstrated continued strength, with direct asset growth of CHF 3.5 billion, corresponding to an annualized growth of 39%. This further confirms the continued shift towards private market allocations observed amongst investors. Partners Group saw solid inflows over the whole spectrum, with an emphasis on programs focused on mezzanine investments, secondary opportunities, the Asia-Pacific region and European small and mid cap buyout investments.

Net asset growth was temporarily slowed by CHF 1.4 billion of primarily adverse foreign exchange developments and to a lesser extent negative performance effects in the liquid strategies and redemptions of CHF 1.4 billion in the liquid strategies and in the private wealth management business.

Partners Group is in the process of redefining its hedge fund strategy and will combine its expertise in hedge fund investing, alternative beta strategies and private markets to address clients' increased need for absolute return products in an increasingly challenging and highly correlated public market environment. Partners Group has successfully managed such products since 2002. The firm intends to provide further details on the hedge fund strategy at the semi-annual results presentation in September.

The current breakdown of AuM is as follows: CHF 19.0 billion private equity, CHF 2.7 billion private debt, CHF 0.4 billion private real estate, CHF 1.0 billion listed alternative investments, CHF 1.5 billion hedge funds, and CHF 0.8 billion in Partners Group's wealth management practice.

Partners Group continues to strengthen its position as a leading alternative asset management firm and has further grown its resources across all ten offices worldwide while still applying its stringent cost management approach. The opening of two new offices in Asia (Beijing, Sydney) underlines Partners Group's determination to take advantage of the emerging private market opportunities in the region. The firm employs 315 people as of the end of June 2008.

The firm's outlook for the second half of 2008 remains positive in terms of both investment opportunities and continued demand for alternative investments. Partners Group continues to be well on track to reaching its long-term targets.

Partners Group's senior management will hold a conference call today at 09.00am CET. Dial-in details can be obtained using the contact details below. The semi-annual report as of 30 June 2008 will be published on 2 September 2008.


About Partners Group

Partners Group is a global alternative asset management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate, listed alternative investments, hedge funds and alternative beta strategies. The firm manages a broad range of funds, structured products and customized portfolios for an international clientele of institutional investors, private banks and distribution partners. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Singapore, Beijing, Tokyo and Sydney. The firm employs over 300 people, is listed on the SWX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 3.5 billion and majority owned by its 38 Partners & Principals and employees.

 

Investor enquiries:

Dr. Cyrill Wipfli, Principal

Business Strategy & Corporate Development

Phone: +41 41 768 85 71

E-mail: [email protected]

 

Media enquiries:

Tamara Krebs

Communications

Phone: +41 41 768 85 26

E-mail: [email protected]

 

www.partnersgroup.net

Press release


Baar-Zug, 8 July 2008

Partners Group, the Switzerland-based global alternative asset manager, announces that the estimated assets under management (AuM) as of 30 June 2008 have increased by CHF 1.0 billion to CHF 25.4 billion. Overall direct asset growth (new assets raised and changes of existing investment programs) amounted to CHF 3.8 billion.

Partners Group's private markets business lines (private equity, private debt, private real estate) have seen sustained demand and demonstrated continued strength, with direct asset growth of CHF 3.5 billion, corresponding to an annualized growth of 39%. This further confirms the continued shift towards private market allocations observed amongst investors. Partners Group saw solid inflows over the whole spectrum, with an emphasis on programs focused on mezzanine investments, secondary opportunities, the Asia-Pacific region and European small and mid cap buyout investments.

Net asset growth was temporarily slowed by CHF 1.4 billion of primarily adverse foreign exchange developments and to a lesser extent negative performance effects in the liquid strategies and redemptions of CHF 1.4 billion in the liquid strategies and in the private wealth management business.

Partners Group is in the process of redefining its hedge fund strategy and will combine its expertise in hedge fund investing, alternative beta strategies and private markets to address clients' increased need for absolute return products in an increasingly challenging and highly correlated public market environment. Partners Group has successfully managed such products since 2002. The firm intends to provide further details on the hedge fund strategy at the semi-annual results presentation in September.

The current breakdown of AuM is as follows: CHF 19.0 billion private equity, CHF 2.7 billion private debt, CHF 0.4 billion private real estate, CHF 1.0 billion listed alternative investments, CHF 1.5 billion hedge funds, and CHF 0.8 billion in Partners Group's wealth management practice.

Partners Group continues to strengthen its position as a leading alternative asset management firm and has further grown its resources across all ten offices worldwide while still applying its stringent cost management approach. The opening of two new offices in Asia (Beijing, Sydney) underlines Partners Group's determination to take advantage of the emerging private market opportunities in the region. The firm employs 315 people as of the end of June 2008.

The firm's outlook for the second half of 2008 remains positive in terms of both investment opportunities and continued demand for alternative investments. Partners Group continues to be well on track to reaching its long-term targets.

Partners Group's senior management will hold a conference call today at 09.00am CET. Dial-in details can be obtained using the contact details below. The semi-annual report as of 30 June 2008 will be published on 2 September 2008.


About Partners Group

Partners Group is a global alternative asset management firm with over CHF 25 billion in investment programs under management in private equity, private debt, private real estate, listed alternative investments, hedge funds and alternative beta strategies. The firm manages a broad range of funds, structured products and customized portfolios for an international clientele of institutional investors, private banks and distribution partners. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, New York, London, Guernsey, Luxembourg, Singapore, Beijing, Tokyo and Sydney. The firm employs over 300 people, is listed on the SWX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 3.5 billion and majority owned by its 38 Partners & Principals and employees.

 

Investor enquiries:

Dr. Cyrill Wipfli, Principal

Business Strategy & Corporate Development

Phone: +41 41 768 85 71

E-mail: [email protected]

 

Media enquiries:

Tamara Krebs

Communications

Phone: +41 41 768 85 26

E-mail: [email protected]

 

www.partnersgroup.net